Tyre franchise - Port Adelaide

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Business Description

- Prominent location
- Newly negotiated long term lease
- Fully staffed with tyre fitter & mechanic
- Suit hands on owner operator

Kevin Grant

Extended Price Information

Goodwill $109,920
Plant & Equipment (approx written down value) $85,080
Stock at valuation (approx) $20,000
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$215,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
n/a (annualised) $1,179,166 $90,642 42.16%
2013/2014 (annualised) $1,012,596 $146,784 68.27%
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The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor’s wage.

Staff Summary

One full time manager, one full time tyre fitter/mechanic and one casual mechanic are all employed in this business

Lease Summary

Current Rent $4,424.16 per month + GST
Right of Renewal Options to renew up to 2027
Outgoings Paid by lessee (approx. $960 per month + GST)
Current Rent
Current Rent
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